Rising petrol and diesel prices are a result of higher crude oil prices along with weakness in the rupee against the US dollar, among other factors.

There is a wide variation in petrol and diesel prices across different states

Highlights

Petrol, diesel prices hiked for fifteenth day in a row

Government has said it is looking at solutions to rising fuel prices

Fall in crude oil price likely to bring some relief for domestic consumer

Petrol prices were hiked across the country on Monday, marking a fifteenth straight day of upward revision. The government has said it is looking at short-term as well as long-term solutions to the rising fuel prices. The continues increase in domestic petrol and diesel prices is a result of higher global crude oil prices along with weakness in the rupee against the US dollar, among other factors. Brent crude oil in the international market hit a three-week low on Monday. If crude oil continues its downward movement, it might result in some relief for the domestic fuel consumer, say analysts. However, the rupee's movement against the US dollar will be watched, they add.

Besides global crude prices, excise duty imposed by the Centre and VAT by the states also determine the final price that consumers have to pay at the pump. So there is a wide variation in petrol and diesel prices across different states. Currently, petrol in Mumbai is most expensive compared with the rest of the country, according to Indian Oil's data on fuel prices in metros and state capitals. At Rs 86.08 per litre, petrol price in Mumbai hit a fresh all-time high on Monday.

Petrol and diesel prices are the cheapest in Port Blair, Andaman and Nicobar, compared to the rest of the country, data shows. While petrol is sold at Rs 67.42 per litre, diesel currently retails at Rs 64.8 per litre in Port Blair, as of May 28, according to Indian Oil. With that, Port Blair, Panjim, Agartala, Aizwal and Itanagar are the five cities with minimum petrol prices. In case of diesel, other than Port Blair, Itanagar, Aizwal, Chandigarh and Imphal have the minimum prices.

Here are the petrol and diesel prices across the country, as listed by Indian Oil Corporation:

Metro/state capital

Petrol price on May 28 in Rs per litre

Metro/state capital

Diesel price on May 28 in Rs per litre

Port Blair

67.42

Port Blair

64.8

Panjim

72.13

Itanagar

66.4

Agartala

73.92

Aizwal

66.41

Aizwal

74.04

Chandigarh

67.17

Itanagar

74.06

Imphal

67.21

Chandigarh

75.27

Agartala

67.23

Daman

76.05

Kohima

67.5

Silvasa

76.12

Shimla

68.79

Imphal

76.32

Shillong

68.97

Kohima

76.69

Jullunder

69.06

Pondicherry

77.01

Delhi

69.17

Bhubhaneswar

77.07

Lucknow

69.33

Gandhinagar

77.56

Dehradun

69.51

Shillong

77.62

Ambala

69.69

Ranchi

77.85

Daman

69.92

Delhi

78.27

Silvasa

69.99

Ambala

78.37

Jammu

70.33

Shimla

78.42

Bangalore

70.36

Raipur

78.64

Panjim

70.4

Lucknow

78.69

Gangtok

70.9

Dehradun

79.21

Pondicherry

71.44

Bangalore

79.55

Kolkata

71.72

Jammu

79.95

Guwahati

72.22

Guwahati

80.49

Srinagar

72.55

Kolkata

80.91

Bhopal

72.81

Jaipur

81.05

Ranchi

73.02

Gangtok

81.25

Chennai

73.03

Chennai

81.26

Jaipur

73.64

Trivandrum

82.45

Mumbai

73.64

Srinagar

82.64

Patna

73.87

Hyderabad

82.91

Bhubhaneswar

74.15

Jullunder

83.53

Gandhinagar

74.34

Patna

83.74

Raipur

74.67

Bhopal

83.9

Trivandrum

75.05

Mumbai

86.08

Hyderabad

75.18

(Source: iocl.com)

Currently, petrol and diesel prices are revised on a daily basis, determined broadly by global crude oil and rupee-dollar forex rates. The new rates are passed on to fuel stations with effect from 6 am.